Published on : Jan 02, 2018
Albany, New York, January 2, 2018: In today's globally connected world, there is an increasing demand for ready access of materials and products around the world. While ship and trucking cargo transportation are still appreciated, there is nothing faster and more operative than air cargo. A recent report, titled “Air Cargo Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been freshly publicized to the online repository of Market Research Hub (MRH), which reveals that the market is all set to grow at a steady pace in the coming years. As per the study key evaluations, the global air cargo market is expected to reach a valuation of US$130.12 bn by the end of 2025. Also, the global market is expected to surge at a CAGR of 4.9% during 2017 to 2025.
To summarize, this smart evaluation offers professional and in-depth research assessment of the world's major geographical market conditions, focusing on the main regions. In this report, the regions targeted include North America, Europe, South America, Asia-Pacific, and the Middle East and Africa. The research observes that global air cargo market is highly fragmented. With a strong presence of combination airlines, chartered services, and all-cargo airlines the overall market faces some tough competition.
In the present time, Air transport mode is preferred by companies across the world for various products such as perishables, chemicals, and valuables as air cargo, though costlier than another mode of transportation, and takes less time. In terms of geography, the research study estimated that Asia Pacific will remain the largest market in the coming years as it surges at a CAGR of 5.3% between 2017 and 2025. Growing demand for online retail stores, especially fashion stores and rising demand for the just-in-time production of goods are anticipated to lead for strong growth of the market in the APAC region.
Moving further, the research study broadly categorizes the global market for air cargo on the basis of component, service, end-user and destination. By component, the study covers air freight and air mail, in which the air freight is expected to hold the major market share. In terms of end-use, the report suggests that the pharmaceuticals and healthcare industry is likely to offer the global market a plethora of opportunities.
The report further adds that the global e-commerce market is expected to expand more than double during the forecast period, thus presenting the air express industry with the growth opportunities. Recent associations between e-tailers and carriers indicate the rise in overseas logistics, as online shopping encourages demand for shipping orders worldwide.
Also, initiation of the “Open Skies” policy has a positive influence on the global market. The primary objective of this policy is liberalization of rules for aviation markets around the globe and minimum government intervention.
The concluding part of the report offers the readers an insight into the top players. The company profiles are mentioned along with factors such as SWOT analysis, market presence, strategic overview and recent developments. China Airlines Cargo, Cathay Pacific Cargo, Emirates SkyCargo, FedEx Express, UPS Airlines, Lufthansa Cargo, DHL Aviation, Korean Air Caro, Singapore Airlines Cargo, Cargolux are some of the major players operating within the global air cargo market profiled in this study.
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